The national average APY is 2.51%, up five basis points from last week and 10 basis points from a month before. One-year CDs can give you returns as high as, or even higher than, longer-term options. If you’re up for setting aside your savings for a full year, you’ll be able to grab even more impressive rates.
You’d earn more than $610 in interest if you put $25,000 in a six-month CD with a rate of 4.97%. Shopping around can help you find better deals. The current top national rate for a 6-month CD is 4.97%, according to the data available from Bankrate’s database. The national average APY for six-month CDs is 1.92%, up slightly from 1.91% last week and 1.87% one month ago. Six-month CD ratesīy choosing a top-rated six-month CD, you benefit from a winning mix of competitive interest rates and a short-term commitment.
Over the past month, rates on three-month CDs have climbed by six basis points. Rates on three-month CDs have spiked over the past week, rising five basis points to 1.47% today. Quoted high rates are based on the highest clicked-on rate for each CD term.
